Active Development AidData Chinese Aid

[Sino-Congolese Programme] China Eximbank provides funding for technical studies of two bridges as part of the Kalemie Road Rehabilitation and Modernization Project (Linked to Record ID#450, #59214, #85273)

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Sino-Congolais des Mines (Sicomines SARL)
Country	Democratic Republic of the Congo
Start Date	Jan 01, 2015
End Date	May 14, 2029
Duration	5,247 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59527`

Grant Description

In 2008, China Eximbank issued a $3.003 billion general buyer's credit loan to Sino–Congolais des Mines (Sicomines SARL) — a joint venture — to finance infrastructure projects in the DRC (as captured via Record ID#450).

All subsidiary borrowings under the (government-guaranteed) general buyer's credit loan agreement were to be repaid with revenues from mining projects managed by Sicomines SARL.

📋 Loan / Grant Terms

💰 Loan Amountcarried a maturity of 25 years

All infrastructure projects supported through the general buyer's credit loan were part of the so-called “Sino-Congolese Programme." One of the subsidiary projects under the ‘Sino-Congolese Programme’ was the funding of the technical studies for the rehabilitation and modernization of two bridges over the Luvilu and Kavilulu rivers on Kalemie Road as part of the Kalemie Road Rehabilitation and Modernization Project (Voirie de Kalemie) in 2017.

Democratic Republic of Congo Agence Congolaise des Grands Travaux (ACGT) was the implementing agency. It is unclear whether the project is ongoing or complete. The nature of the financial commitment for this project is also unknown.

📋 Staff Comments

The French name for this project is Etudes techniques de réhabilitation et de modernisation de deux ponts sur les rivières Luvilu et Kavilulu.
Phase 1 of the construction of the Kalemie Road Rehabilitation and Modernization Project is captured via Project ID#59214. Phase 2 is captured via Project ID#85273.

📚 Sources & References

Rapport Annuel 2017, rapport assoupliitie
CONVENTION DE LA SINO-CONGOLAISE DES MINES : Qui perd, qui gagne entre l’Etat congolais et la Chine ?
Etude d’évaluation de la mise en œuvre de la convention de collaboration relative au développement d’un projet minier et d’un projet d’infrastructures en RD Congo Projet SICOMINES
Maccaferri flexible gabions help Democratic Republic of Congo to protect crucial bridges against erosion Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.